For the Total Public Sector across All Levels of Government, GFS revenue increased by $30,818m (5.6%) from $549,680m in 2011–12 to $580,498m in 2012–13. Over the same period GFS expenses increased by $15,037m (2.6%) from $589,185m to $604,222m. As a result the GFS net operating balance moved from –$39,506m in 2011–12 to –$23,724m in 2012–13.

Between 30 June 2012 and 30 June 2013 GFS net worth across the Total Public Sector moved from $726,055m to $836,896m.

The following tables show a time series of major aggregates for the Total Public Sector across different levels of government.

MAJOR AGGREGATES, Total Public Sector, All Levels of Government

2007–08

2008–09

2009–10

2010–11

2011–12

2012–13

$m

$m

$m

$m

$m

$m

GFS Revenue

470 999

472 982

474 541

513 335

549 680

580 498

GFS Expenses

434 715

494 931

518 064

553 897

589 185

604 222

GFS Net Operating Balance

36 284

–21 949

–43 524

–40 562

–39 506

–23 724

Net acquisition of non-financial assets

31 699

42 400

50 590

43 467

40 467

31 464

GFS Net Lending(+)/Borrowing(-)

4 585

–64 349

–94 113

–84 029

–79 973

–55 188

Cash Surplus (+)/Deficit (-)

8 934

–51 156

–86 063

–71 927

–74 067

–57 061

Total assets

1 520 658

1 719 131

1 836 936

1 874 582

1 952 097

2 068 694

Total liabilities

625 029

781 906

905 995

965 727

1 226 042

1 231 798

GFS Net worth

895 629

937 226

930 941

908 855

726 055

836 896

For the Commonwealth Government Total Public Sector, GFS revenue increased by $24,350m (6.9%) from $351,479m in 2011–12 to $375,829m in 2012–13. Over the same period GFS expenses increased by $6,255m (1.6%) from $390,973m to $397,228m. As a result the GFS net operating balance moved from –$39,494m in 2011–12 to –$21,399m in 2012–13.

Between 30 June 2012 and 30 June 2013 GFS net worth for the Commonwealth Government Total Public Sector moved from –$248,119m to –$199,287m.

MAJOR AGGREGATES, Total Public Sector, Commonwealth Government

2007–08

2008–09

2009–10

2010–11

2011–12

2012–13

$m

$m

$m

$m

$m

$m

GFS Revenue

315 059

310 186

298 557

322 223

351 479

375 829

GFS Expenses

288 389

333 787

349 561

368 006

390 973

397 228

GFS Net Operating Balance

26 669

–23 601

–51 004

–45 783

–39 494

–21 399

Net acquisition of non-financial assets

4 381

5 813

8 010

7 150

7 180

2 863

GFS Net Lending(+)/Borrowing(-)

22 288

–29 413

–59 014

–52 932

–46 674

–24 262

Cash Surplus (+)/Deficit (-)

24 206

–23 602

–56 791

–44 993

–42 250

–20 491

Total assets

384 468

413 055

408 537

404 496

421 917

471 311

Total liabilities

306 361

386 725

451 821

500 852

670 036

670 597

GFS Net worth

78 107

26 330

–43 284

–96 355

–248 119

–199 287

For the State Government Total Public Sector, GFS revenue decreased by $2,267m (0.9%) from $261,819m in 2011–12 to $259,552m in 2012–13. Over the same period GFS expenses increased by $3,431m (1.3%) from $263,803m to $267,234m. As a result the GFS net operating balance moved from –$1,984m in 2011–12 to –$7,682m in 2012–13.

Between 30 June 2012 and 30 June 2013 GFS net worth for the State Government Total Public Sector moved from $603,360m to $647,838m.

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